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وكالة الأنباء القطرية
Saudi GDP expands 3 percent
Saudi Arabia's economy grew by 3% in the first quarter of 2026, driven by a 2.9% increase in both oil and non-oil activities, in addition to a 1.5% rise in government activities. Non-oil activities were the main contributor to this growth, adding 1.7 percentage points, followed by oil activities with 0.8 percentage points, with additional contributions from government activities and net taxes. All economic sectors experienced positive year-over-year growth, with notable increases in the finance and insurance services sectors, as well as manufacturing industries. However, the seasonally adjusted real GDP declined by 1.2% compared to the previous quarter.
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